|Day's Range||0.893 - 0.898|
|52 Week Range||0.8636 - 0.9261|
Investing.com - The dollar gained ground against a currency basket on Thursday, while Russia’s rouble tumbled on sanctions fears and the New Zealand dollar hit two year lows on a dovish sounding central bank statement.
Investing.com - The pound fell to the lowest levels of the year on Wednesday as the currency was pressured lower by growing fears over the prospect of Britain exiting the European Union without a trade deal in place.
Investing.com - The pound fell below $1.29 for the first time since August 2017 on Wednesday, amid worries that the UK would not be able to reach a deal with the European Union before exiting the bloc in March of next year.
Investing.com - The dollar edged lower against a currency basket on Wednesday, sliding for a second day as trade tensions faded, while sterling wallowed near one-year lows, pressured lower by Brexit uncertainty.
Investing.com - The pound slumped to its lowest level since early September on Monday after amid mounting worries over Brexit after Britain’s international trade secretary warned that a no-deal Brexit was now more likely than not.
Investing.com - The euro pushed higher on Tuesday as investors awaited reports on growth and inflation in the euro area, while the yen slid lower after the Bank of Japan said it would be more flexible in its massive stimulus program.
EUR/GBP has formed an ascending trend line confluence that is suggesting a further uptrend continuation. The POC zone 0.8900-10 is a possible bouncing spot where fresh buyers could turn the price up. Deeper retracement might target 0.8885-95 and that is also the zone where buyers might be waiting. The first target is 0.8930 followed by 0.8962 on a successful break of 0.8935.
Investing.com - The dollar was steady against a basket of the other major currencies on Monday as investors positioned ahead of a number of key central banks meetings this week that could help determine near-term market direction for currencies.
Investing.com - The dollar hit one-year highs against a currency basket on Thursday, sending the euro below the $1.16 level after bullish comments be Federal Reserve Chairman Jerome Powell cemented expectations for two more rate hikes this year.
Investing.com - The pound dropped below the $1.30 level on Thursday as a result of an unexpected drop in consumer spending in June, further slimming the chances of a Bank of England rate hike in August.
Investing.com - The dollar rose against a currency basket on Thursday, to trade near one-year highs after hawkish comments by the chairman of the U.S. Federal Reserve underlined expectations for two additional rate hikes by the central bank this year.
The UK’s retail sales figures dropped unexpectedly in June. Sales declined by 0.5% in June compared to a growth of 1.4% in May. YoY Retail sales grew by 2.9, below analysts expectation of 3.7%. Pound hits a 10-month low near 1.30 versus the US dollar.
Investing.com - The pound fell to the lowest levels in 10 months against the broadly stronger dollar on Wednesday, as unexpectedly weak UK inflation data diminished chances for an August rate hike by the Bank of England.
The British Pound continues its fall on Wednesday morning, trading at 1.3087, down 0.18%. The pound falls on reports that Theresa May could face a defeat on the latest Brexit Vote.
Investing.com - The dollar rose to the day’s highs against a currency basket on Tuesday after Federal Reserve Chairman Jerome Powell said strong growth and stable inflation should keep the central bank on track to keep gradually raising interest rates.
The pound sterling has been trying to strengthen over the last few days but has not succeeded so far. The major fear of the pound traders lies in Brexit negotiations which are paused or disputed every now and then. Jobless claims in the UK rose by 7,800 against the expectations at 2,300 and the previous number of 7,700.
the ECB will be releasing its monetary policy meeting minutes. The minutes cover the June ECB meeting where policymakers announced a taper to the QE program and an exit from QE by December 2018.
Investing.com - The dollar extended early gains against a currency basket on Tuesday, sending the euro lower, while mixed GDP data and political instability weighed on the pound.
Investing.com - The pound edged higher on Tuesday despite fresh uncertainty over Brexit following the resignations of David Davis and Boris Johnson, as investors awaited growth data that could keep the Bank of England on track for an August rate hike.
Cable (GBPUSD) took a hit yesterday as Boris Johnson resigned from the Cabinet following the earlier decision by David Davis to part ways with his post as Brexit Secretary. Global stocks rise on Tuesday morning ahead of US earnings season.
Britain’s pound was in focus on Monday, first rallying after the resignation of U.K. Brexit Secretary David Davis, but then falling after Foreign Secretary Boris Johnson also quit. While Davis’s comments on May being a good leader and his replacement with leave campaigner and former housing minister Dominic Raab was seen as supportive of the pound, Johnson’s resignation was perceived as another sign of the fragility of Prime Minister Theresa May’s government and thus negative. The move is seen raising the chances May will face a formal leadership challenge.
Investing.com - The dollar was trading at three week lows against a currency basket on Monday after the latest U.S. jobs report pointed to sluggish wage growth, while the pound shrugged off the shock resignation of UK Brexit secretary David Davis.
Investing.com - The dollar edged lower against a basket of the other major currencies on Thursday, a day before the U.S. and China were to hit each other with import tariffs, escalating a trade spat that many investors fear will hurt global growth.